Word: tone
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When firms did steer clear of what was, in retrospect, excessive risk, the tone typically came from the top. Goldman Sachs, which has a long history of CEO interest in risk management and rotates its traders and risk managers through one another's jobs, pulled back from mortgage-related securities earlier than most after direct orders from...
...analysis by Goldman Sachs sounds a similarly somber tone. It suggests that the downturn is still in its incipient phase, and that job losses could surpass 2 million in 2009, with unemployment climbing to 8%. "As the economy slides into a deeper recession, it appears we are closer to the beginning of the labor market downturn than the end," wrote the study's co-author, economist Ed McKelvey. "We anticipate a sharper decline in employment in coming months." Reich also quotes 8% as a likely unemployment figure, though he notes that figure excludes job seekers who have given up searching...
...What do you think about PETA's methods? There's a pretty wide difference between the Humane Society and PETA in terms of tactics and tone and perhaps even some philosophy. But I give PETA credit for moving the needle on a number of matters, including animal testing. We feel like we're positioned exactly where we want to be in the mainstream of American society...
...denounced the "bitter," "partisan" tone of the campaign as well...
...town hall in New Hampshire was McCain's third public event of the day, which ended with a midnight rally in Miami. At every other stop, McCain delivered his closing stump speech and took no questions. His tone at those events was fiercely negative, and his speech was filled with broadsides against Obama. "Senator Obama said the other day that his primary victory vindicated his faith in America," goes one of McCain's new lines, which questions Obama's patriotism. "My friends, my country has never had to prove anything...